Trump’s latest move, which virtually dashed the American dreams of millions of Indians, should not be seen as an isolated event but a definitive consequence of the dysfunctional global capitalism.
Tag: globalization
Trump’s approach to U.S.-EU trade relations prioritizes dominance and loyalty over partnership, leaving Europe with little choice but to comply to avoid severe economic fallout. Breaking free from U.S. leverage would require Europe to build a new global alliance, effectively acknowledging the end of the traditional transatlantic trade partnership.
Some of Colombia’s wealthiest families prefer to move abroad, with their money, following a custom of the super-rich in many places. They should remember, the homeland they spurn gave them all the opportunities to become rich.
Since the 1990s and the fall of communism in Poland, the country’s economic life has changed drastically, moving from a command economy focused on national production to a global one, which is now becoming an increasingly important player in Europe and the world. In the face of Donald Trump’s protectionist inclinations, Witold Gamoski argues that globalization is exactly what economies need to grow.
Volvo is setting records, especially with its electric cars. At its plant in Belgium, it becomes clear why the Swedish-Chinese brand is better equipped than its competitors to ride out a looming global trade war.
Following U.S. President Donald Trump’s creation of the White House Faith Office in early February, Loris Zanatta writes in Clarín that religious politics is already on the verge of becoming political religion, and the 2020s are starting to look an awful lot like the 1920s. And we know where that led.
An important march, the creation of one of the biggest oil companies in the world and the birth of a British star.
Donald Trump’s reelection marks a new social coalition that found no voice in traditional political forces, writes Italian historian Giovanni Orsina in daily La Stampa. The utopian-liberal order of the 21st century failed to deliver on its promises and it succumbed to a boisterous, combative new right.
The “titan” of Indian business, Ratan Tata, has died at 86. Under his leadership, the Tata Group evolved into a global powerhouse, renowned for its integrity and expansive reach.
China appears well positioned to continue its rise amid the wars in Ukraine and Gaza, the rise of the far right, and the emergence of the Global South. The world order of 1945 has run its course, and it is through crises and tensions that the next one — still uncertain — is taking shape.
The United States has shown it prefers economic incentives over penalties to help keep regional democracies within its orbit and away from China. That is a national-interest opportunity Latin American states cannot ignore.
Gardening, cooking sweets or binding books are tasks associated with monasteries. But today, a growing number of Spain’s contemplative communities have turned to activities such as gourmet products, tourist rentals through digital platforms, astrotourism and even sushi making to achieve economic sustainability.
With the World Economic Forum in Davos going on, French President Macron is launching with urgency the debate on a common defense for European countries, in light of Ukraine, the Middle East — and a possible return of Trump.
In Egypt and elsewhere in the region and the world, families and movements are mobilizing against companies that support Israel’s war on Gaza. The power of the people lies in their control as consumers — and the list of companies and brands to boycott grows longer.
Twenty years of costly interventions and China’s economic ascent have robbed the United States of its global supremacy. It is time for the two biggest powers to work together, to help the world.
Inspired by a new book on vampires, Italian writer Chiara Valerio analyzes how the figure of the vampire has come to represent life and death over centuries of science, art and culture. When understood through a modern lens, what can the vampire tell us about our own Gothic concerns?
China is still a manufacturing juggernaut and a growing power, but companies are looking for alternatives as Chinese labor costs continue to rise — as do geopolitical tensions with Beijing.
The Davos Forum was once a true shaper of our collective future in a globalized world. Today it is beyond its expiry date, even if global solutions to global problems are needed more than ever.
Brazil’s incoming president, Lula da Silva, is unlikely to govern the same way he did 20 years ago. Socio-economic conditions will likely push him toward moderation, which will benefit Brazil and the region.
We know them from the movies: the heroes who save the world from disaster in the nick of time. In real life, you sometimes look for them in vain. But the Russian invasion of Ukraine shows that the West needs new heroes.
The Covid-19 crisis is likely to reshape globalization while benefiting China and other ‘illiberal’ regimes.
Unlike the SARS and H1N1/09 outbreaks, which caused friction between the two countries, the COVID-19 pandemic has, if anything, improved Chinese-Mexican relations.
The world’s prevailing trade system was facing major challenges even before the pandemic. But that doesn’t mean globalization is destined to die.
Disruptive tech firms offer convenience and competitive prices. But they also push ordinary people out of jobs, neighborhoods and even public spaces.
With more sanctions for China and curbs on NAFTA, Donald Trump is fulfilling his campaign pledges to curtail globalization — free trade and vast business interests be damned.
Taco Bell in Mexico? McDonald’s in Hamburg? Americans find the recipe abroad, bastardize it, and then have the stomach to go back and sell it where it all began.
-OpEd- PARIS — My conversation partner is a Japanese banker. He has just returned from Amman, the capital of Jordan. And he’s talking about the Chinese who were also there at a joint meeting of the EBRD (European Bank for Reconstruction and Development) and the AIIB (Asian Infrastructure Investment Bank). “They were everywhere and everyone […]
The Silicon Wadi, as Israel’s tech sector is known, has a penchant for creating innovative new companies. But rather than grow to maturity, they’re often sold off early to larger, foreign firms.
For decades, economists scorned protectionism as a losing proposition. Now some have begun to admit that not everyone benefits from open markets.
Some see the invention of bogus-sounding professions as a sign that work has become less and less necessary. It may also just mean that capitalism is being transformed.
-Analysis- PARIS — The Catalan flag fluttered alongside the European flag and its 12 stars on Oct. 27, when Catalonia declared its independence from Spain. But Jean-Claude Juncker, the president of the European Commission, didn’t appreciate this tribute to Europe. “We shouldn’t insert ourselves into what is an internal debate for Spain,” he warned. “I […]
The answer from Chinese professionals may surprise you…
It’s the big idea of the moment among certain economists and activists in the West: Universal basic income (UBI), a policy of allocating a fixed amount of money to every citizen, is seen by some as a way to confront rising unemployment — particularly in the face of automation — in developed countries. But while […]
-Analysis- SAO PAULO — The G20, the club gathering the world’s biggest economies, is the offspring of two crises. First, the 1997 Asian financial crisis led to the creation of the group in 1999, as an annual summit for finance ministers and central bank governors. Their objective back then was to coordinate policies to stabilize […]
The U.S. has a long history of inhibiting Chinese expansion in Asia. Now, Donald Trump is handing them the keys.
PARIS — Even as the global economy struggles to recover, investment in space activities is flying high. The overall public expenditure in the sector — approximately $70 billion today — has been steadily increasing, projected to reach $80 billion in the next few years. And the commitment is not just growing deeper, but also wider: […]
-Essay- For the record, I am writing this from home. On a late winter Monday, with most of our crew either off-the-clock or working remotely, I decided to spare myself (and a few others) the day’s commute to hash out the news from our office in eastern Paris. So again, for the record: Yes folks, […]
-Analysis- PARIS — For more than 70 years, the United States was the ultimate life insurance policy for Europe against the Soviet and now Russian thirst for power. The U.S. also held sway in Asia, in large part to counter China and to contain North Korea’s dangerous and eccentric drifts. The rise of China’s economic […]
It is yet another alliance of ideas that fiction could not have invented. The leftist vice president of Bolivia, who has never disavowed his Marxist past, is seeing eye-to-eye with a certain out-for-himself American real estate mogul with a taste for gold-plated everything. Writing for America Economia, Álvaro García Linera has penned a kind of […]
Donald Trump is not the free market’s executioner, but a coroner appointed to quietly confirm its demise. Sadly, in its place, is a gaping void of alternatives.